Company Reports > Entourage Metals Ltd.

 

EMT.V    

 

Report Date :  

 November 2011

Toll Free :  

 1.866.284.2296

Symbol :  

 EMT, Toronto Venture

Telephone :  

 604.484.7855

Contact :  

 

Facsimile :  

 604.484.7155

eMail :  

 info@entouragemetals.com

URL :  

 www.entouragemetals.com
 

 

Entourage Metals (EMT-YSX-V) was established in February 2011 to focus on the acquisition, exploration and discovery of mineral deposits in the Superior Province of North-western Ontario, Canada.  Entourage is in the process of developing a portfolio of underexplored, highly prospective land packages on trend to producing mines or identified mineral deposits.

 

Along this trend, one of mining’s oldest adages is that if you want to find a new mine, the best place to search is adjacent to an existing one.  Vancouver-based Entourage Metals has followed this concept by focusing their attention in the regions adjacent to one of Canada’s great producing gold mines, Barrick Gold’s Hemlo Mine in Northern Ontario, just above Lake Superior near the town of Marathon.  The Hemlo mines have produced in excess of 20 million ounces of gold since their discovery in 1981. 

 

Entourage’s flagship project consists of the “Hemlo Belt Properties”, comprised of two separate sections; Rous Lake and Toothpick.  Two other claim groups form the other high priority projects which include Black Raven, 30 Km north of Hemlo, and the Benton Property which lies on the western extension of the Cadillac-Larder Break.  Consistent with their company goal of acquiring, exploring and discovering mineral deposits, the company’s roster of properties also includes claims on the Northern Arm, Hemlo North, Valley Lake, Toothpick East and Spruce Bay.

 

Infrastructure around the Hemlo Belt Properties is favourable, having excellent road access and with close proximity to rail, air and power.  The town of Marathon located nearby has mining supplies, services and personnel available.

 

The Hemlo Mining Camp represented one of Canadian mining’s most exciting stories in the early 1980’s when a gold exploration frenzy took place in the region.  Three different mines ultimately entered production, beginning with “Golden Giant” in 1985 with “David Bell” and “Williams” following closely afterwards.  All three were united to form Barrick Gold’s Hemlo Mine and production is still presently ongoing from the latter two mines.  As noted, production from the combined Hemlo Mine has totalled more than 20 million ounces of gold to date.

 

Rous Lake is located 8 Km to the west of the Hemlo Mine while the “Toothpick West” is further to the west and southwest along the shore of nearby Lake Superior.  Geologically, the Hemlo Belt Properties are located along the Archaen Hemlo greenstone trend.  The Hemlo Gold Deposit itself, which extends over a strike length of 2.5 Km and plunges to the west, is hosted by sedimentary rocks and massive and fragmental, felsic volcanic rocks of the Moose Lake Volcanic Complex.

 

Despite the overwhelming success at Hemlo Mine, compared to other greenstone belts globally, the company’s project area has remained relatively underexplored.  This is primarily due to two compounding issues; deep glacial overburden cover and the fact that 90% of the Hemlo deposit lies beneath 500 meters.  Company geologists are confident that this region has good potential to host additional gold deposits along the same structure as the currently producing gold mines. 

 

Entourage is actively working to explore and develop their properties and presently have three concurrent drill programs running.  Assay results are pending from the first 2,600m of drilling at the Toothpick West property. 

 

At Rous Lake, the Phase 1 drilling program of 2,000m was initiated in October 2011 with specific targets identified through Gravimetric and Soil Gas Hydrocarbon (SGH) Surveys. 

 

The company’s other priority project where active drilling is taking place is at Black Raven where an initial phase program of 2,000 meters covering up to ten holes began in early October, 2011.  Black Raven, located to the north of the Hemlo Mine, hosts multiple high-grade gold occurrences over some 68 square kilometers.  Present exploration is focused surrounding the Super G prospect.  In summer 2011 a surface sampling program returned eight grab and channel samples averaging 275.0 g/t Au with returns ranging from 6.47 g/t Au up to 846.4 g/t Au.

 

Entourage’s latest acquisition, the 203 square Km Benton Property, is located in the Southwestern Abitibi in an area known as the Swayze Greenstone Belt.  This region is the western extension of the prolific Cadillac-Larder Break.  The Benton property is on trend to 5 million ounces of recently discovered gold (Trelawney’s Cote Lake and Augen’s Jerome).  Timiskaming conglomerates similar to those found at Timmins and Kirkland Lake are represented on the property.  An extensive surface program including the collection of 6,000 soil gas survey samples and a ground gravity survey covering 11 km of strike length commenced in October 2011.     

 

Entourage is led by an experienced and knowledgeable management team led by President Jeff Sundar; VP Exploration John Florek, P. Geo; CEO Adrian Fleming, P. Geo; Chairman Robert McLeod, P. Geo; and Senior Geologist John LaBrecque, P. Geo.

 

As of October 20, 2011 Entourage had working capital of $4,300,000 with 22.3 million shares outstanding and 25.5 million shares on a fully diluted basis.

 

An in-depth study will be completed immediately following a property visit which will take place at the earliest opportunity.

 

 
Entourage Metals Ltd.

#1500-409 Granville Street
Vancouver, BC
Canada V6C 1T2

Toll Free :

  1.866.284.2296

Telephone :

  604.484.7855

Facsimile :

  604.484.7155
 
 

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